Backgrounder: Behind the Battle Over Hidden Debit Card #SwipeFees » Knoxville News Sentinel


Consumer groups have decried the delay, saying it would postpone much-needed reform to a system that is “uncompetitive, non-transparent and harmful to consumers’ [PDF]. At the same time, these groups voiced concerns that if interchange reform passes, banks will levy other charges on consumers — something many banks have warned they may do.

via Backgrounder: Behind the Battle Over Hidden Debit Card Fees » Knoxville News Sentinel Mobile.

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